Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed sharp fall at midday on Sunday as risk-averse investors were on selling mood.
The key index of the Dhaka stock Exchange (DSE) advanced 28 points within first five minutes of trading, since then it started to decline as the session progressed.
After 15 minutes DSEX fell 5.50 points to stand at 5613.14.
After 30 minutes of trading, DSEX went down by 18 points or 0.32 per cent to come down to 5,600.64 points at 11:00am.
At 12:00 noon, DSEX slumped 40.07 points while the Selective Category Index of port city bourse fell 39.83 points when the report was filed.
After one and a half hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE) stands at 5,578.58 points, plunging by 40.07 points or 0.71 per cent when the report was filing at 12:00 noon.
The two other indices also saw sharp fall.
The DS30 index, comprising blue chips fell 12.92 points or 0.63 per cent to reach at 2,025.56 points at 12:00 noon.
The DSE Shariah Index (DSES) lost 5.58 points or 0.45 per cent to reach at 1,286.62 points.
Turnover, the crucial indicator of the market, stands at BDT 4.80 billion when the report was filed at 12:00 noon riding on Beximco and ACI Limited.
Of the issues traded till then, 84 advanced, 205 declined and 23 issues remained unchanged on the DSE trading floor.
Beximco dominated the turnover chart with shares worth BDT 325 million changing hands till then, closely followed by ACI BDT 237 million, ACME Laboratories BDT 160 million, Islami Bank BDT 153 million and Jamuna Oil Company BDT 132 million.
The port city bourse – the Chittagong Stock Exchange – (CSE) saw downward trend till 12:00 noon as its Selective Category Index – CSCX – losing 39.83 points to stand at 10,509.15 points, also at 12:00 noon.
Of the issues traded till then, 62 gained, 107 declined and 17 issues remained unchanged with BDT 212 million in turnover.